Zeke Faux, investigative reporter for Bloomberg and author of Number Go Up, discusses scams in the crypto world, the accessibility of cryptocurrency knowledge, challenges in reporting, and encounters with individuals like Brock Pierce.
The podcast emphasizes the importance of being cautious and skeptical of individuals and companies in the crypto industry, as past scams often indicate future fraudulent activities.
Taking precautionary measures such as using two-factor authentication, only sending money to trusted individuals, and being cautious with passwords can help protect against online scams.
The investigation into Tether raises concerns about its lack of transparency and the potential negative impact it can have on the crypto economy.
Deep dives
Sophistication of Online Scams
Online scammers are becoming more sophisticated and finding new victims every year.
Protecting Yourself Online
Taking precautionary measures such as using two-factor authentication, only sending money to trusted individuals, and being cautious with passwords can help protect against online scams.
Exploring the World of Cryptocurrency
The podcast delves into the world of cryptocurrency and investigates the various characters and companies behind it.
Uncovering the Mystery of Tether
The investigation into the cryptocurrency Tether reveals concerns about its lack of transparency and the potential impact on the crypto economy.
Reporting on Scams and Fraud
The podcast highlights the prevalence of scams and fraud in both traditional finance and the cryptocurrency industry.
“I have a rule of thumb, which is that if somebody did one scam, they probably did another scam. If they did one scam in the past and now they have a new thing, odds are good it’s also a scam. That’s not always true, but that was definitely borne out sometimes in crypto-world.”